Shares of Alphabet Inc. (GOOG) recently surpassed the average analyst 12-month target price of $335.62, trading at $336.41 per share. This milestone prompts analysts to either downgrade their forecasts or adjust them higher, depending on current business conditions. The average target derives from 53 analysts, with estimates ranging from $220 to $400, and a standard deviation of $33.429.
Current analyst ratings reveal strong support for the stock, with 45 “Strong Buy” ratings and no “Sell” or “Strong Sell” ratings reported. The average rating stands at 1.29 on a scale where 1 is “Strong Buy” and 5 is “Strong Sell.” In the past month, the number of strong buy ratings increased from 44 to 45, indicating growing confidence among analysts.
